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09 Dec 2016 | 6:33 PM
Research Report
Daily

Equity Research Report: Religare Morning Digest

We’ll be seeing market reaction on the Bihar election result in early trade on Monday and that would set the tone for rest of the session. Traders are advised to wait for market to stabilize before taking any fresh bets.
09 Nov 2015 | 07:00 AM

    Highlights for Today
 
Market Outlook for the day -We’ll be seeing market reaction on the Bihar election result in early trade on Monday and that would set the tone for rest of the session. Traders are advised to wait for market to stabilize before taking any fresh bets.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 26620 26450 26265.24 26130 25985
NIFTY 8060 8000 7954.30 7900 7850
BANKNIFTY 17460 17240 17086.50 16900 16750
CNX-IT 11800 11620 11485.45 11375 11250
News -
  • State Bank of India after net profit rose 25.11% to Rs 3879.07 crore on 12% growth in total income to Rs 46854.81 crore in Q2 September 2015 over Q2 September 2014.
  • Castrol India net profit rose 21.5% to Rs 143.20 crore on 2.2% decline in net sales to Rs 784.30 crore in Q3 September 2015 over Q3 September 2014.
  • Dr Reddy's Laboratories has received a warning letter issued by the US drug regulator relating to its two API manufacturing facilities in Andhra Pradesh and Telangana.
  • M&M reported 0.41% rise in net profit to Rs 978 crore in Q2 September 2015 over Q2 September 2014.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
GODREJCP BUY 1302.9 1280 - 1285 1235 1390 3-5 Days
SYNDIBANK SELL OCT FUT 92.35 93-93.50 96 87 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
NIFTY BUY DEC 7600 PE 88.50 85 - 30 3-5 Days
SELL4, DEC 7400 PE 55.50 55
 
Master Pick (1-2 Months)
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target
MARICO BUY 402.75 396-403 380 455
To read complete report, please click here
 
Fundamental Picks for delivery ( 9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
KOTAKBANK BUY 656.50 705.10 900
Note – For our running recommendations and past performance, please click here
Research Disclaimer
 
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